There are more than 6,000 normative and 40,000 technical documents that streamline business activities. Some outdated requirements make introducing new products, technologies and services difficult.

By the Decree of the President of the Republic of Uzbekistan “On measures to simplify state regulation of entrepreneurial activities”, the requirements that impede the activities of entrepreneurs in modern conditions have been revised, several simplifications have been introduced in accordance with the State Program for the Implementation of the Development Strategy in the Year of Ensuring Human Interests and Mahalla Development.

In particular, the means of state regulation of entrepreneurship were clearly defined. These are state registration, licensing, authorization procedures, technical, tariff and non-tariff regulation, compulsory insurance, state control, protection of competition, and establishment of liability.

Based on the analysis, many procedures have been shortened. For example, such processes as a written notification of creditors in case of a decrease in the authorized capital of an economic entity, suspension of electricity supply when consumed in excess, and placing employees hired by individual entrepreneurs on separate records with the tax authorities cause a lot of trouble. These mandatory requirements will be removed from January 1, 2023.

It also provides for the creation of a Unified Register of Mandatory Requirements in Entrepreneurship. The register will be formed in two stages and will be fully launched on July 1, 2025. Holding entrepreneurs liable for claims not included in this register will be prohibited.

During an open dialogue with entrepreneurs on August 22 this year, the President gave instructions on digitalization and the reduction of paper workflow in the sphere.

According to the previous procedure, documents on wages and other income of a legal entity, as well as taxes calculated on them, had to be kept in paper form for 75 years. But since these data are also available in the database of the tax authorities, the new decree abolished the requirement to store them in paper form. Also, business entities will be exempted from maintaining internal primary accounting documents in paper form if they are transmitted through information systems. As a result of these changes, the bureaucratic burden will be reduced and the work of 587 thousand enterprises will be facilitated.

In addition, from January 1, 2023, the practice of submitting quarterly financial and 9 various statistical reports to the tax authorities is canceled.

The Head of the state instructed to organize the effective implementation of the decree, and consistently continue work to simplify business activities and create the most comfortable business environment in the country.